Singer Selena Gomez showed off a gold band on her left ring finger at the 2014 Kids Choice Awards in Los Angeles on Saturday, sparking rumors that she's engaged to pop sensation Justin Bieber. The couple reportedly reunited earlier this month.

“The ring was a gift from Justin, it’s not an engagement ring, but they are back on and very serious,” a Jelena insider told Hollywood Life.

Gomez, 21, and Bieber, 20, broke up for the second time in January 2013. Earlier this month, he posted a photo on Instagram of Selena in a floor-length gown at the Vanity Fair Oscar party. The photo caption read: “Most elegant princess in the world.”

While Bieber wasn't at the event, more than 870,000 fans have liked the photo. Days later, a video posted online showed the two during a dance session. They were later caught kissing during a South by Southwest break at Don Pepe's McAllen Mexican restaurant in Texas.

"One looked like a friend and the other maybe a manager, someone who pays the bills. They came in through the side door," Mares added. "Selena was pretty cool. Justin didn't say much. They were really affectionate, Selena was on his shoulder. They look like boyfriend and girlfriend."

Meanwhile, an insider told Hollywood Life that Selena's family is concerned about the gift ring. “Her family is extremely worried that she’ll do something crazy like elope with him," the insider said. "Selena is totally wrapped back up in Justin, it’s the same pattern happening all over again.”